@sentosumosaba 1/🧵 I'm not sure if the news is worrisome in any form.
In fact, you are accurate (as always 😉) that the #XRPL will not possess ALL THE MONEY, but it will be #interoperable with and #interconnected to ALL THE MONEY.
Here's some background: 👇
In fact, you are accurate (as always 😉) that the #XRPL will not possess ALL THE MONEY, but it will be #interoperable with and #interconnected to ALL THE MONEY.
Here's some background: 👇
@sentosumosaba 2/ #Partior is built on the private #permissioned #Ethereum-based @ConsenSys #Quorum #blockchain, which contributes to fragmentation rather than consolidation.
. . .
. . .
@sentosumosaba @ConsenSys 3/ . . .
For this reason alone, it is far inferior to payment settlement alternatives such as #ILP+#XRPL, which are open and #interoperability friendly.
For this reason alone, it is far inferior to payment settlement alternatives such as #ILP+#XRPL, which are open and #interoperability friendly.
@sentosumosaba @ConsenSys 4/ 👉 So, just what is "Partior"?
As they put it for themselves:
1⃣ „COO, Stella Lim, hails from #SWIFT. #Partior positions itself as a network rather than a payment or settlement system.“
. . .
As they put it for themselves:
1⃣ „COO, Stella Lim, hails from #SWIFT. #Partior positions itself as a network rather than a payment or settlement system.“
. . .
@sentosumosaba @ConsenSys 5/ . . .
2⃣ „“Partior is not a payment system,” said Thompson. “We cannot instigate a transaction, move, store money, or create finality, and we do not acquire any data.”“
. . .
2⃣ „“Partior is not a payment system,” said Thompson. “We cannot instigate a transaction, move, store money, or create finality, and we do not acquire any data.”“
. . .
@sentosumosaba @ConsenSys 6/ . . .
3⃣ „That means, like #SWIFT, it neither needs a central bank account nor direct central bank approval, although commercial #banks may need to get a greenlight from their regulator to use its network.“
. . .
3⃣ „That means, like #SWIFT, it neither needs a central bank account nor direct central bank approval, although commercial #banks may need to get a greenlight from their regulator to use its network.“
. . .
@sentosumosaba @ConsenSys 7/ . . .
Because #XRPL is an open-source, #decentralized, and #permissionless #DLT that anybody may use at any time, it has a significant advantage over its private counterpart, which requires regulatory clearance first.
. . .
Because #XRPL is an open-source, #decentralized, and #permissionless #DLT that anybody may use at any time, it has a significant advantage over its private counterpart, which requires regulatory clearance first.
https://twitter.com/WKahneman/status/1593316644146642944?s=20&t=ssWnu0N2w8Kiu7oGCG-K9Q
. . .
@sentosumosaba @ConsenSys 8/ . . .
#Partior appears to be more of a rival to #RippleNet and #SWIFT than to the #XRPL since it tries to handle cross-border payments without a token, which, as we all know, does not work. 😉
📸 Source: @stedas
#Partior appears to be more of a rival to #RippleNet and #SWIFT than to the #XRPL since it tries to handle cross-border payments without a token, which, as we all know, does not work. 😉
📸 Source: @stedas
@sentosumosaba @ConsenSys @stedas 9/ 👉 So, what do they have to offer?
▶️ „Multi-currency clearing and settlement“
. . .
▶️ „Multi-currency clearing and settlement“
. . .
@sentosumosaba @ConsenSys @stedas 10/ . . .
👉 What do #ILP and #XRPL have to offer?
☑️ Secure multi-hop payments and smart routing for a global network of networks for different types of value to link ANY sender with ANY receiver.
☑️ Cross-currency payments that automatically swap tokens, XRP, or both.
👉 What do #ILP and #XRPL have to offer?
☑️ Secure multi-hop payments and smart routing for a global network of networks for different types of value to link ANY sender with ANY receiver.
☑️ Cross-currency payments that automatically swap tokens, XRP, or both.
@sentosumosaba @ConsenSys @stedas 11/ 🧐 Another word regarding #RTP:
It's already linked to #FIS (@Ripple partner), so it's just another brick put to the "pie" of participants.
📣 The Assistant Vice President and Product Management Officer at First Bank Ajay Kothuri said:
. . .
It's already linked to #FIS (@Ripple partner), so it's just another brick put to the "pie" of participants.
📣 The Assistant Vice President and Product Management Officer at First Bank Ajay Kothuri said:
. . .
@sentosumosaba @ConsenSys @stedas @Ripple 12/ . . .
“What attracted us to the #FIS real-time payments managed service was the ability to accelerate our connection to the #RTP network [...]
. . .
“What attracted us to the #FIS real-time payments managed service was the ability to accelerate our connection to the #RTP network [...]
. . .
@sentosumosaba @ConsenSys @stedas @Ripple 13/ . . .
[...] while reducing costs and complexity. As our volume of real-time payments grow, we can easily scale to meet the growing demand.”
🔗 ripplecoinnews.com/ripple-partner…
[...] while reducing costs and complexity. As our volume of real-time payments grow, we can easily scale to meet the growing demand.”
🔗 ripplecoinnews.com/ripple-partner…
@sentosumosaba @ConsenSys @stedas @Ripple 14/ I sincerely hope it added some "light" to the situation. Let us continue to be optimistic about #interoperability and the collapse of walled gardens. 🙏
Merry Christmas 🎅 , @sentosumosaba, to you, your friends and family 🫂 , and everyone you love ❤️
<fin 🧵>
Merry Christmas 🎅 , @sentosumosaba, to you, your friends and family 🫂 , and everyone you love ❤️
<fin 🧵>
@sentosumosaba @ConsenSys @stedas @Ripple 15/add.
— Thanks to @Fame21Moore and @WKahneman —
I just discovered this thread, which provides a fantastic description of all the interoperable relationships between #Ripple and #RTP 👇
— Thanks to @Fame21Moore and @WKahneman —
I just discovered this thread, which provides a fantastic description of all the interoperable relationships between #Ripple and #RTP 👇
https://twitter.com/WKahneman/status/1095095121857531906?s=20&t=UK2fZBX47lJt3SPNDD-coQ
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